President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill totalling ₦68.32 trillion, while also approving an extension of the 2025 budget’s implementation period for capital projects to June 30, 2026.
The development was announced in a State House statement issued on Friday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, the newly signed budget makes provisions for ₦4.799 trillion in statutory transfers and ₦15.8 trillion for debt servicing. Recurrent (non-debt) expenditure is estimated at ₦15.4 trillion, while ₦32.2 trillion has been allocated to capital projects through the Development Fund.
Highlighting the structure of the budget, the Presidency noted that capital expenditure accounts for about half of the total spending plan, reflecting a focus on development priorities.
“With capital expenditure accounting for about 50 per cent, the 2026 budget underscores the administration’s continued commitment to economic stability, national security, infrastructure development, and inclusive growth,” the statement said.
President Tinubu also approved an amendment to the 2025 Appropriation Act, extending the capital component’s implementation timeline from March 31 to June 30, 2026. The move, according to the government, is to allow ongoing projects to be completed.
“The extension will ensure the full and effective utilisation of appropriated funds, particularly for critical infrastructure and development projects that are at advanced stages of implementation,” the statement added.
The Presidency said the measure would enable Ministries, Departments and Agencies (MDAs) to consolidate ongoing works, improve project completion rates, and “maximise value for public expenditure.”
With the 2026 budget taking effect from April 1, the Federal Government is expected to commence full implementation in line with its policy direction.
President Tinubu directed all MDAs to ensure “disciplined, transparent, and efficient utilisation of allocated resources,” stressing the need for value for money and timely delivery of projects.
He also commended the National Assembly of Nigeria for what he described as its “diligence, cooperation, and patriotism” in the passage of the budget.
Reaffirming his administration’s priorities, the President said efforts would continue to focus on fiscal reforms, improved revenue generation, and investments aimed at economic growth, job creation, and strengthened social protection.